The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-06
CONDITION OF TIE MARKETS.
Wheat Opens Lower, but Good Buying
Soon Sends Prices to Better Figures.
Corn Moderately Active, Ruling Slightly
Easier-0ats Dali but Firm-PrOvisions
Unsettled and Practically Unchanged.
MONEY, BONDS AND STOCKS.
4 Dull but Firm and Strong Market, Clos
ing Barely Steady.

A Dull but Firm and Strong Market, Clos
ing Barely Steady.
NV YORK, Jan. 5.-Money on call was easy
st 306 per cent, closing at per cent.
Prime mercantile paper, 607 per cent.
Sterling exchange quiet but steady at
o. SOL for sixty days. and "a. 844 for demand
The total sales of stocks to-day were 280,247
shares, including Tie following: Canada South
srn, 1885, Delaware Lackawanna q Western,
I7,47O; Erie, $685. Lake Shore, 1850; Louis
Vile & Nashville, 1896 New Jersey Central,
1890; Reading, 48,875; ST. Paul, 13, 200; Texas
q Pacific, 4S75; Union Pacific, IL, 0S5; Western
Union, 26, $50; Wabash Pacific, IS, ITO; Oregon &
Transcontinental, g. no.
Government bonds were dull and steady.
State bonds were neglected.
The stock market was little more than a
traders market, but it exhibited a marked con-
trast to that Of yesterday, being dull but firm to
strong nearly the entire day. Prices did not
succeed, however, in reaching Mondays figures,
though large proportion OF the losses yester-
day were reganed. London, in the early morn
ing. was a conspicuous seller, but the movement
lasted for the frst few minutes only, when that
interest became buyer and the room traders
followed. covering their short contracts exten-
eively. Union Pacific and Western Union were
the only active stocks calling for special
mention, and though the latter exhibited
considerable weakness early in the day, it
later recovered its losses. The opening was
weak, first prices being to tc lower than last
evenings final figures The market was extreme
~ active in the early dealings, and further slight
declines were made, but prices quickly rallied.
Prices remained firm to strong, and the market
drll ard featureless until the last hour when a
: movement in Wabash occurred, and the general
market yielded small fractions, but finally closed
barely steady. near the best prices of the day.
Sales. $50. 247 shares. Reading headed the list
with 1851; Western Union, 24.950; Union Pa
cifc. l3025; Lackawanna 11,410; Louisville e.
Nashville 1875. Almost everything the
active list shows an advance, although there are
few declines Of small fractions only. Norfolk
s. Western preferred gained &c., Nickel plate
- preferred lie; Hooking Valley, lsc; Reading
and Louisville e. Nashville, each, 1c Texas
Pacific stock assessment paid, was sold on the
board to-day for the first time.
Railroad bonds were quiet; sales, 81 1929 000
There was very little feature to the trading, ex-
cept the l.. Il. & w. incomes, which rose Az, to
49l, upon sales of 500 000 and the unusual aetiv
ity in Milwaukee,, Lake Shore & Western. Mich
ican division frsts. which finally closed un
changed after sales of $4,000. E. e T. H. frsts
lost q, at 116 and the Mount Vernon skies, q
at no. New Orleans & Mobile firsts. 81 at 90s
Baltimore & Ohio Parkersburg SKIES rose a
to 1876 Closing quotations were: